Storm's a brewin'...
Details are still sketchy, but recently news started making the rounds that the Honda family has discovered a document declaring...something. Word has it that the contract states Ishiro Honda, and by extension the Honda estate, to hold ultimate copyright over the Godzilla name. Monster movie historian August Ragone will be posting more accurate and up-to-date details in his blog, The Good, The Bad, And Godzilla soon.
Check it here:[link]
What does this mean for the franchise? Hard to say, especially since us 'Mericans don't know nothin' bout no Japanese writin', so we'll have to wait for a more exact translation of the news source. Likely it shouldn't directly interfere with the current deals regarding the comics or upcoming DVD releases, but its effect on the Legendary film, slated for 2014, is up-in-the-air.
The best we can hope for is that whatever is decided, it will ultimately keep the fans in mind and respect our universal love for this franchise, without causing any problems or slowing anything down.